Team, Inc. (NYSE:TISI) Major Shareholder Corre Partners Management, Llc Buys 5,856 Shares

Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc acquired 5,856 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average cost of $19.07 per share, with a total value of $111,673.92. Following the completion of the purchase, the insider now owns 1,566,989 shares of the company's stock, valued at approximately $29,882,480.23. The trade was a 0.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Wednesday, June 4th, Corre Partners Management, Llc acquired 2,311 shares of Team stock. The stock was bought at an average cost of $19.02 per share, with a total value of $43,955.22.
• On Monday, June 2nd, Corre Partners Management, Llc acquired 1,613 shares of Team stock. The stock was bought at an average cost of $17.91 per share, with a total value of $28,888.83.

Team Stock Performance

NYSE TISI traded up $0.29 on Wednesday, hitting $19.38. 8,913 shares of the stock traded hands, compared to its average volume of 22,712. The business's fifty day moving average is $20.57 and its two-hundred day moving average is $17.56. Team, Inc. has a 12 month low of $7.56 and a 12 month high of $26.77. The firm has a market capitalization of $87.07 million, a price-to-earnings ratio of -1.58 and a beta of 1.78. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80.

Team (NYSE:TISI - Get Free Report) last posted its earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share (EPS) for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The company had revenue of $198.66 million for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Team from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Investors Weigh In On Team

A number of institutional investors and hedge funds have recently made changes to their positions in TISI. 22NW LP purchased a new stake in shares of Team in the first quarter worth $589,000. Barclays PLC increased its stake in Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider's stock valued at $4,189,000 after acquiring an additional 18,733 shares during the last quarter. Northern Trust Corp increased its stake in Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock valued at $456,000 after acquiring an additional 12,400 shares during the last quarter. Manatuck Hill Partners LLC increased its stake in Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock valued at $787,000 after acquiring an additional 11,625 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Team in the fourth quarter valued at $140,000. Hedge funds and other institutional investors own 46.57% of the company's stock.

About Team

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.

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